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South Africa continues to push for long extension to Agoa well ahead of 2025 expiry
Published: 26 Jun 24
With the expiry of the Africa Growth and Opportunity Act 15 months away, South Africa is continuing to call for an early and substantial extension of the preferential trade arrangement, which has been in place since 2000. Department of Trade, Industry and Competition chief director for bilateral trade relations Malose Letsoalo reported this week that South Africa remained optimistic that Agoa would be extended beyond its September 2025 expiry date.
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Boeing now sources nearly 40% of its electricity from renewable energy
Published: 26 Jun 24
Last year, US-based global major aerospace group Boeing sourced 39% of its energy from renewable electricity sources. This was achieved through a combination of direct buys and renewable energy credits. This was one of the highlights revealed by Boeing’s just-released 2024 Sustainability & Social Impact Report. “We’re honoured to share the steady progress we’ve made on sustainability, which will always be anchored in safety and quality,” affirmed Boeing Chief Sustainability Officer Brian Moran. “As we recommit to these fundamental values, it is energising to see our company’s focus on helping our industry decarbonise while uplifting our communities and driving a culture of inclusion where everyone’s voice is heard.”
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Trafigura clinches share of major zinc deal snubbed by Glencore
Published: 26 Jun 24
Production from a large new zinc mine in the Democratic Republic of Congo will be split between several new buyers including trading giant Trafigura Group, after rival Glencore backed away from a previous deal for the entire supply. Ivanhoe Mines’ Kipushi zinc mine started production in the past few days and is finalizing deals to sell its zinc to Trafigura, China’s Citic and Boliden, according to people familiar with the matter, who asked not to be identified as the matter isn’t public.
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Half of China’s NEV brands likely to fail; exports set for steep growth
Published: 26 Jun 24
More than 130 brands are currently competing in China’s new-energy vehicle (NEV) market, says GlobalData Automotive Division China operations manager John Zeng. Three brands, however, dominate the market, with Tesla, BYD and Seres having taken 42% of the NEV market in the first quarter of this year.
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Boss plans accelerated development at Gould’s Dam
Published: 26 Jun 24
Uranium company Boss Energy has begun work on accelerating the development of Gould’s Dam, which is a satellite project to the nearby Honeymoon mine, in South Australia. This follows recent high-grade drill results that highlight the potential for Gould’s Dam to help lift Honeymoon’s production rate from 2.45-million pounds a year to the export permit limit of 3.3-million pounds a year.
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South African govt, stakeholders seek further WTO support in citrus industry's battle with the EU
Published: 26 Jun 24
The South African government and industry organisations have requested that two panels be established at a meeting of the Dispute Settlement Body (DSB) of the World Trade Organisation (WTO) to examine the stringent citrus import measures being imposed on South Africa by the European Union (EU). The local stakeholders wish to address regulations around citrus black spot (CBS) and false codling moth (FCM) as they deem these to be unscientific and discriminatory.
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Radioactive device on rhino horns rolled out to fight poaching
Published: 26 Jun 24
Beckham, a 1.7 tt rhino named after the English footballer, on Tuesday had a radioactive pellet drilled into his horn as a program to discourage poaching of the endangered animals in South Africa scales up. The Rhisotope Project, which is being run by Johannesburg’s University of the Witwatersrand, is just one of a number of ways ranging from staining horns with dye to cutting them off that conservationists in the country with the world’s biggest rhino population are seeking to protect the animals. It has the added advantage in that horns implanted with the pellets could be detected as they pass through borders, airports and harbours.
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Two killed in mortar attack on South African army base in Congo
Published: 26 Jun 24
South Africa's military said on Wednesday that a mortar attack on one of its bases in eastern Democratic Republic of Congo a day earlier had killed two people and injured 20 others. South African troops are in Congo as part of a deployment by Southern African regional bloc SADC to help the government fight rebel groups.
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Mining sector employment holds up well despite first-quarter decline
Published: 26 Jun 24
Following five uninterrupted quarters of job gains, employment in the mining sector declined during the first quarter of this year, the Minerals Council South Africa reports. Citing Statistics South Africa's latest quarterly employment statistics, the council points out that formal mining sector employment had decreased by 2 356 jobs in the first quarter, compared with the fourth quarter of 2023.
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Major international funding agencies strengthen cooperation to benefit small farmers
Published: 26 Jun 24
The Organisation of Petroleum Exporting Countries’ Fund for International Development (OPEC Fund) has signed a cooperation agreement with the UN International Fund for Agricultural Development (IFAD). This will expand the existing partnership between the two agencies and strengthen the joint financing of food security and climate resilience projects, to support smallholder farmers around the world. Smallholder farmers are responsible for the production of 33% of the world’s food. “Food security and climate action are cross-cutting strategic themes for the OPEC Fund,” highlighted Fund president Abdulhamid Alkhalifa. “We are committed to supporting a sustainable and just energy transition while ensuring vital food supplies worldwide. We will boost our long-standing partnership with IFAD by working faster and smarter to deliver our support where it is needed most.”
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